The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1887-12-15

| req at the fGinllN WirNln6 S'rONnd, IN
the presence Of 81 large concourso ,oi
relatives and friends.
DR. CIATroE vas fort ty-aoven years oil
age. During thc war he belonged to
Company l. Palmetto Sharp Shooters.
He lost an arm near Petersburg, w.
He was one Of the ablcst physicians
in the State and at the same time a
Gucccssful farmer. He always took
an active, enthusiastic interest in all
that pc believed to he for Tie good of
his county or community. and here
in Il loss hGa been sustained which can
never Pc repaired But as great as
this is, it is nothing to the loss which
/ must ever bc felt by his children
two SONS and five daughtors-the
eldest sixteen, the Youngest two,
"Tho wind and the earth quake" have
passed over them, now may they be
comfnrtca by "thc still smal! voice" ="
t,a
Sievc5s Fer GpIat.
On the bill to limit the raic of in
tcrcst t. Z per cent. per annum, Mr..
Brown, Of Anderson, having th floor
said: That in 1777 the Act was first
passed reducing the rate of interest to
per cent. This continued until 1S
GG, through period Of nearly ninety
years, we'll crincinH the w!Adom of
! this ancient law. 1T is we'll for us to
sometimes look back nnd SEQ What
those who have gone before us have
I donc and said. It may not be anlis ,
to read >hc prcAm! lo to this Act and
see if what these legislators said was
true. The results following showed
! them to be true, and the ~ rnyrcss and
! prosperity dvrirc that period proved
! the wisdom of the law In 1866
when there was II common struggle
for existence, when the country was in
the depth of poverty, the Jaw WAS
changed with 'he view of bringing
capital into Tie country and the door
opened wide allowing any rate Of in
trrrst. In 1877 the wnr and RaG
callHm being things Of tho past, our
| Democratic Legislature restored the
tsrry law, making. rs it wore cen
tcnninl restoration of this ancient and
wise law under which many Of the
| members of this House have lived. 1t
was Thought by many at that time to
he mwisc, but it is submitted that
the SurCst test of the wisdom of any
law are the results which follow its
passage. The good results following
the passage of the Act Of 1T77 were
established, and ita wisdom proven by
keeping it of force du,in2 ncarlya con-
turN. 1t was oml V changed from the
force OF circumstances growing out of
q disastrous war. Now what good
results followed the Act Of 1872
Very soon the country began to pros
per- thrift and enterprise prevailed;
money began to be plentiful; money
WAS advertised in the newspapers to
loan Mt Z per cent; land in the coun.
try Was selling at prices never before
known; ordinary farming lands, up.
lands, sold at fifteen dollars Der acre;
every branch of industry prosperedin in
a degree hitherto unknown. It was
indeed, the golden era of our coun.
try's PROSPERITY, this Inv fm soma
reason was changed, and thn limit
raised to ten per cent. A brief nnri.
od Of five wears, and the 22d day Of
December, 1882, without any npnor-
cnt COOP reason, it became one Of the
past. 1T is urged upon every Nom
hcr of this House to look back upon
these times and see if these things
ar" so. It il said that the law was
changed to allow foreign corporations
to lend dmoncy in this State; that they
W""d brln& IN capital, make money